Mettler-Toledo(MTD)2025-05-01 21:02Sales Performance - First quarter 2025 total reported sales declined 5% to $883.7 million compared to the prior year, with local currency sales decreasing 3%[3][5] - The Americas reported a 2% decline in sales, Europe saw a 9% decrease, and Asia/Rest of World experienced a 4% decline compared to the prior year[3][5] - For the three months ended March 31, 2025, U.S. Dollar Sales Growth was down by 5%, with declines of 2% in the Americas, 9% in Europe, and 4% in Asia/Rest of World[23] - Local Currency Sales Growth for the same period showed a decrease of 3%, with a decline of 1% in the Americas, 7% in Europe, and 2% in Asia/Rest of World[23] - The company estimates that net sales growth was reduced by approximately 6% due to the recovery of delayed shipments from Q1 2024; excluding this impact, local currency net sales increased by 3% overall[23] Earnings and Profitability - Adjusted EPS for the quarter was $8.19, an 8% decrease from the prior-year amount of $8.89[4][8] - Adjusted Operating Profit amounted to $236.7 million, down 11% from $267.3 million in the same period last year[5][18] - Net earnings for the quarter were $163.6 million, down from $177.5 million in the prior-year period[21] - Diluted EPS as reported for Q1 2025 was $7.81, a decrease of 5% compared to $8.24 in Q1 2024[25] - Adjusted diluted EPS for Q1 2025 was $8.19, reflecting an 8% decline from $8.89 in Q1 2024[25] - The impact of purchased intangible amortization on EPS was $0.23 for Q1 2025, compared to $0.24 in Q1 2024[25] - Restructuring charges impacted EPS by $0.15 in Q1 2025, down from $0.36 in Q1 2024[26] - The company incurred restructuring charges of $3.8 million in Q1 2025, compared to $9.7 million in Q1 2024[26] Future Outlook - Management anticipates local currency sales for Q2 2025 to increase approximately 0% to 1%, with Adjusted EPS forecasted to be between $9.45 and $9.70, reflecting a growth rate of down 2% to up 1%[7][9] - For the full year 2025, local currency sales are expected to increase approximately 1% to 2%, with Adjusted EPS projected in the range of $41.25 to $42.00[8][9] Tariff Impact - The company estimates gross incremental global tariff costs of approximately $115 million on an annualized basis, impacting future earnings[11] - The company is implementing mitigating actions to offset tariff costs, which are expected to fully offset these costs next year[11] Cash Position - Cash and cash equivalents increased to $64.3 million from $59.4 million at the end of the previous year[20]